Finance minister George Osborne on Tuesday ordered ministers to
come up with 2.5 billion pounds of extra spending cuts as the
government seeks to use the proceeds of the cuts towards
long-term investments.

Cyprus's parliament overwhelmingly rejected a proposed levy on
bank deposits as a condition for a European bailout on Tuesday,
throwing international efforts to rescue the latest casualty of
the euro zone debt crisis into disarray.

U.S. mortgage finance company Freddie Mac has sued more than a
dozen big global banks and the British Bankers Association for
alleged manipulation of the Libor benchmark interest rate.

Budget Irish airline Ryanair handed Boeing its
largest European order ever on Tuesday, a deal for 175 jets
worth $16 billion.

BAE Systems has frozen the pay of Chief Executive Ian
King and two other top executives, after group earnings were hit
by U.S. budget cuts and delays to a deal with Saudi Arabia.
Oil and gas company BG Group is set to sign a 20-year
contract worth as much as $20 billion to provide liquefied
natural gas to the western Indian state of Gujarat

IntercontinentalExchange has revised the structure of
its proposed acquisition of NYSE Euronext to help the
deal get regulatory approval.

Spanish construction group FCC will announce on
Wednesday a plan to sell more than 2 billion euros ($2.58
billion) worth of assets to cut debt as a result of the
country's devastating property crash.